How many apartments are available in Union Village on Rentable.co?

Rentable.co has over 2 apartments available near Union Village.

What is the average rent for a one-bedroom apartment in Union Village?

The average rent for a one-bedroom apartment near Union Village is around $2,454 per month.

What is the average rent for a two-bedroom apartment in Union Village?

The average rent for a two-bedroom apartment near Union Village is around $2,589 per month.

How many apartments are available in New Providence, NJ on Rentable.co?

Rentable.co has over 359 apartments available in New Providence.

What is the average rent for a one-bedroom apartment in New Providence, NJ?

The average rent for a <a href='/new-providence-nj/1-bedroom-apartments-for-rent' >one-bedroom apartment</a> in New Providence is around $2,380 per month.

What is the average rent for a two-bedroom apartment in New Providence, NJ?

The average rent for a <a href='/new-providence-nj/2-bedroom-apartments-for-rent' >two-bedroom apartment</a> in New Providence is around $2,480 per month.

How expensive is it to rent an apartment in New Providence, NJ?

For a two-bedroom apartment in New Providence, the average rent price is $2,480 per month, which is higher than the national average of $1,600 per month.

Can I afford an apartment for rent in New Providence, NJ?

Based on average rent prices in New Providence, to afford a <a href='/new-providence-nj/1-bedroom-apartments-for-rent' >one-bedroom apartment</a> you would need an annual household income of $95,000 to live comfortably.

Apartments in Union Village New Providence

New Providence:
November Rent Report

Welcome to the November 2024 New Providence Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 2024 key findings and figures for the New Providence rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in New Providence and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of New Providence average rent prices in the chart below.

Monthly Rent Report

$3,950

$2,960

$1,980

$990

Dec. 2023

Jan. 2024

Feb. 2024

Mar. 2024

Apr. 2024

May. 2024

Jun. 2024

Jul. 2024

Aug. 2024

Sep. 2024

Oct. 2024

Nov. 2024

1 BR 2 BR

New Providence Rent Prices Decrease From October to November

New Providence rent prices decreased over the last month. From October to November, the city experienced a -14.05% decrease for the price of a one-bedroom apartment. The rent price for a New Providence one-bedroom apartments currently stands at $2,765.0.

When we take a look at the two-bedroom comparison from October to November, New Providence experienced a -5.87% decrease for the price of a two-bedroom apartment. The rent price for a New Providence two-bedroom apartments currently stands at $3,430.0.

November Prices: New Providence vs. Surrounding Areas

Rent Prices in New Providence and Surrounding Areas

Rent prices have decreased in New Providence over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the New Providence suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rents did not increase in any of the New Providence suburbs
Rents did not decrease in any of the New Providence suburbs.

November 2024 Pricing Trends: New Providence vs. National Comparisons

New York, NY

San Francisco, CA

Los Angeles, CA

Washington, DC

Chicago, IL

Columbus, OH

Minneapolis, MN

Pittsburgh, PA

$4,211

$3,115

$2,373

$2,354

$1,903

$1,338

$1,246

$1,202

$1,400

$2,800

$4,200

$5,600

Median Rent

New Providence Rent Prices More Affordable Than Major Cities

Rent growth in New Providence over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, New Providence average rent prices appear to be relatively affordable for local residents.

The price for a New Providence one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about New Providence and surrounding area rent prices, take a look at the complete data set below.

Data set for New Providence and suburbs

	1 BR November	1 BR M/M % Change	2 BR November	2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.